SBA Head Lay Out The Ways President Obama Has Helped Small Businesses

September 6, 2012  |  

Everyone is talking about Bill Clinton’s speech at the DNC last night (including its length), tossing in some chatter about Massachusetts Senatorial candidate Elizabeth Warren and a little extra for women’s rights advocate Sandra Fluke. Overlooked by many were the brief remarks from the top administrator for the Small Business Administration, Karen Mills.

If you’re an entrepreneur, you’re familiar with the SBA and all of the information it provides for those launching a new company. (If you’re not, check it out here.) President Obama has been accused by the Republicans repeatedly of not only standing in the way of small business owners, but discouraging small business ownership through his policies, including the new healthcare law. The mantra of the Republican convention — “We built that” — even stems from a willful misinterpretation of a comment President Obama made with reference to small businesses. The Washington Post reports on a poll showing that the President trails Romney by a significant margin among small business owners.

Last night, Mills set the record straight.

“President Obama understands that small businesses are the backbone of our economy,” she said, noting the impact that small businesses have on our economy. Half of Americans work for or own a small business, according to Mills, and they create two-thirds of all jobs.

When President Obama took office, the economy was a mess and “credit was frozen.” He has cut taxes 18 times for small business owners, made it easier for small businesspeople to adhere to rules and regulations and shortened the time it would take for them to get paid by the federal government, she said.

“He understands that Washington doesn’t create jobs; small businesses do. Government’s role is to put the wind at their backs,” she said. You can read all of her comments and watch a clip of her speech here.

We have no doubt that the President supports small business. The fact remains, however, that minority-owned and women-owned businesses are still having a problem with funding and other resources. We’ve covered that topic here, and went into detail about one alternative, microloans, here. Maybe it’s an issue he’ll address further in his second term.

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